Skip to content

Low- vs. Moderate-Income Housing: Know what you’re voting on (the short version)

September 13, 2010

A vote in favor of the income-restricted, rental housing project proposed by the Partnership for Income Restricted Housing Leadership (PIRHL) on Borough-owned land is a vote for additional low-income rental housing for Pottstown.

– There is only one tax credit program deadline coming up at the PA Housing Finance Agency and it is Nov. 5th for the federal Low Income Housing Tax Credit Program (LIHTC), which spurs the development of LOW INCOME RENTAL HOUSING.

Jeffrey Paxson, vice president of development for PIRHL, has confirmed to a third party that they are applying for tax credits from the federal Low Income Housing Tax Credit Program, which is administered by the PA Housing Finance Agency.

– Rents in the $500-800 range for 1 & 2-bedrooms in Montgomery County are considered low income NOT moderate income.

– Section 8 certificate holders can NOT be denied housing in a LIHTC project.

That is all.

Advertisements

Comments are closed.

%d bloggers like this: